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Estate Planning

Estate planning is one of the most essential parts of personal asset management. In the event of illness or death, it is important to outline how you want your wealth to be distributed going forward. A financial advisor with help you establish an estate plan that will safeguard your financial resources.

Developing a Legacy Plan

Developing a Legacy Plan

Legacy planning is a holistic approach to structuring your estate. An advisor will help you manage your total assets while you are living and prepare the distribution of your holdings after your death. This ensures your legacy is passed on in the way you choose. Here are five essentials of estate planning:

  • Wills and trusts
  • Beneficiary designations
  • Durable power of attorney
  • Healthcare power of attorney
  • Letter of Intent
  • Guardianship designations

Careful planning will reduce the risks of probate litigation and other legal complications that arise when there are no clear directives in place.

Choosing the Right Executor

The executor of your estate is responsible for overseeing all of your assets. Selecting an executor is an important decision, because they will assume a number of tasks related to the final handling and distribution of your estate to heirs.

Nautica Wealth Advisors will provide you with the guidance and investment management advice to build wealth and build a legacy to meet your needs. Contact us today to learn about our unique approach to financial planning.

Nautica Wealth Advisors and LPL Financial do not provide legal advice or services. Please consult your legal advisor regarding your specific situation. 

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